Higher production at national fields in Brazil took place in March over the same period in 2013. In comparison to February this year, there has been an increase of 1.4%, or 2.1 million barrels per day.
Author: Agência Brasil
Financial institutions polled by the Brazilian Central Bank estimate that the country’s GDP will be up 1.63% in 2014. Last week, the projected rate was 1.65%.
From April 1st to 25th, dollar inflows have exceeded outflows by US$ 1.3 billion in Brazil. From January to the same date, the surplus is US$ 3.3 bn.
Value has reached roughly US$ 1.43 billion in March, according to data released by the Treasury. The amount is higher than in the same month in 2013, but is lower than in 2012.
The forecast was issued by the Economic Commission for Latin America and the Caribbean (Eclac). The growth estimate for Brazil’s economy is 2.3%.
According to Finance minister Guido Mantega, in order for the country’s economy to re-enter a desirable cycle, the investment rate must climb to 7% per annum.
This was the revenue the sector posted last year. There has been an increase of 4.4% over the previous period.
Brazilian consumption in other countries decreased in March, after several records. Expenditure amounted to US$ 1.8 billion.
According to a survey conducted by FGV, there has been a slight recovery in the industry confidence index from March to April. The increase breaks a downward streak since January.
The goal of the initiative is to cut down export times from 13 to eight days, and import times from 17 to up to ten days by 2017.
Sector organization Unica’s projection shows a drop of 16.94 million tonnes in the milling of the 2014/2015 crop in relation to the previous one. Drought will cause the drop in productivity.
The estimate of financial institutions for the expansion of Brazil’s economy has dropped slightly, from 1.65% to 1.63%.
It was the lowest rate for the month since 2002, according to a survey conducted by the Brazilian Institute of Geography and Statistics. The rate was lower than in February this year and March 2013.
The percentage was seen in February in a survey by the Brazilian Central Bank. There has been a deceleration in comparison to January.
